The music industry made $43 billion in 2017, but artists only took away 12% of it It's a hard-knock life for musicians, who drive their industry in the first place. Related Posts: SoundCloud’s updated artist contract is seriously troubling for music creators Research shows music industry losing $2.6B a year due to retail stores’ improper streaming
Spotify now boasts 83 million subscribers, reports second quarter loss New numbers show Spotify's ups and downs since going public earlier this year. Related Posts: Apple Music launches Preferred Distribution Program, could signal independent artists uploads underway NMF Roundup: Hotel Garuda delivers infectious melody on ‘One Reason,’ ORIENTAL CRAVINGS embody Alison Wonderland’s ‘Sometimes Love,’ Fatboy Slim’s ‘Praise You’ receives a disco edit + more
Bitcoin technology could change the streaming industry forever A handful of new startups aim to apply Bitcoin's blockchain technology to music metadata ensures artists are paid royalties from even unauthorized streams. Related Posts: Calvin Harris lets fans engage him in impromptu Twitter Q&A, distances himself from EDM 3LAU talks about the first music festival powered by blockchain, Our Music Festival [Interview]
SoundCloud’s annual revenue up 43% to nearly $28 million According to data shared with'Digital Music News, SoundCloud's annual revenue is up 43% compared to last year Related Posts: Introducing Lunar Lunes: DA’s new weekly SoundCloud playlist SoundCloud’s updated artist contract is seriously troubling for music creators
Credit Suisse predicts that revenue from streaming services will increase sixfold from 2015 to 2020 The financial service company estimates that the global music industry will see revenue increase in 2016 for the first time since 1998 Related Posts: The music industry made $43 billion in 2017, but artists only took away 12% of it Spotify now boasts 83 million subscribers, reports second quarter loss
